The highs and lows of the pound
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As the nation anxiously waited for the EU referendum results last month, currency traders were busy making bets on which way the vote would go.
The pound started to rise just before the first results came in as traders predicted a win for the Remain side - eventually hitting a high of over $1.50.
But as reality sunk in and the Leave side pulled away the currency went into freefall touching lows of $1.30, levels not seen since 1985.
Since then the pound has had some better days but has still lost over 13% of its value against the dollar.
How low could it go?
The value of a nation's currency is often described as its effective share price - a gauge of how investors see the strength of the economy.
"The fall in the pound can be seen as a barometer of sentiment in the markets," says Jeremy Stretch, a currency analyst at CIBC.
"If a currency falls traders are effectively saying that it needs to go lower to make it attractive enough for them to make investments."
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